Dublin, Jan. 21, 2020 (GLOBE NEWSWIRE) -- The "Microcrystalline Cellulose (MCC) Market by Application (Food & Beverage, Pharmaceutical, Cosmetics & Personal Care), Raw Material Source (Wood-based, Non-wood - based), and Region (North America, Europe, APAC, RoW) - Global Forecasts to 2024" report has been added to ResearchAndMarkets.com's offering.

The global microcrystalline cellulose (MCC) market is projected to grow from USD 938 million in 2019 to USD 1,315 million by 2024, at a CAGR of 7%, between 2019 and 2024.

The growth of the pharmaceutical application has also helped increase the demand for MCC as it is widely used in the form of excipient. Apart from this, the significant demand from the emerging economies is one of the major opportunities in the MCC market. However, the availability of substitutes for specific food & beverage and pharmaceutical applications restrains the growth of the market.

The market is highly competitive due to the presence of a number of strong players, and also several small domestic players. Some of the key players in the MCC market are DuPont (US), Asahi Kasei Chemicals Corporation (Japan), Rayonier Advanced Materials (US), Roquette (France), and DFE Pharma GmbH & Co. KG (Germany).

The non-wood segment is projected to register the highest CAGR from 2019 to 2024, in terms of both value and volume

Non-wood-based MCC is being increasingly used in the MCC market, primarily because of the high demand for non-wood-based MCC from various applications, such as pharmaceutical and food & beverage. The cost of MCC produced from non-wood-based source is very low compared to the wood-based MCC as the raw material used for the manufacture of non-wood-based MCC is basically agricultural waste, which is available at very low prices.

Pharmaceutical to be the fastest-growing application of MCC market during the forecast period

The MCC market in the pharmaceutical application is witnessing a high growth rate. The growth of the global MCC market is dependent on the growth of the pharmaceutical excipient market. MCC acts as a filler, binder, disintegrant, suspending agent, lubricant, and glidant in pharmaceutical manufacturing. It is used in the direct compression method as it reduces the production cost. MCC is an essential component in every form of oral dosage, which includes pellets, capsules, tablets, and sachets.

The MCC market in APAC is projected to register the highest CAGR, between 2019 and 2024, in terms of both value and volume

The MCC market in APAC is projected to register the highest CAGR during the forecast period, in terms of both value and volume. This growth can be attributed to the increasing demand for MCC from the region's growing pharmaceutical, food & beverage, and cosmetics & personal care applications, which are extensively using MCC.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the MCC Market
4.2 MCC Market, By Source Type
4.3 MCC Market, By Application and Region
4.4 MCC Market, By Country

5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Growing Pharmaceutical Industry is Driving the MCC Market
5.1.1.2 Increasing Acceptance of MCC as a Pharmaceutical Excipient
5.1.1.3 Increase in Demand for MCC Due to Growth in the Processed Food Industry
5.1.2 Restraints
5.1.2.1 Availability of Substitutes for Specific Food & Beverage and Pharmaceutical Applications
5.1.3 Opportunities
5.1.3.1 Increasing Demand from Emerging Economies
5.1.3.2 Growth in Non-Wood-Based MCC
5.1.4 Challenges
5.1.4.1 to Produce Low-Cost MCC
5.2 Value Chain Analysis
5.3 Porter's Five Forces Analysis

6 MCC Market, By Source Type
6.1 Introduction
6.2 Wood Based
6.3 Non-Wood Based

7 MCC Market, By Application
7.1 Introduction
7.2 Food & Beverage
7.3 Pharmaceutical
7.4 Cosmetics & Personal Care
7.5 Others

8 Regional Analysis
8.1 Introduction
8.2 North America
8.3 Europe
8.4 APAC
8.5 Rest of the World (RoW)

9 Competitive Landscape
9.1 Introduction
9.2 Key Growth Strategies
9.2.1 New Product Developments/Launches
9.2.2 Expansions
9.2.3 Acquisitions
9.2.4 Agreements, Partnerships, Joint Ventures, Acquisitions, and Collaborations

10 Company Profiles
10.1 DuPont
10.1.1 Business Overview
10.1.2 Products Offered
10.1.3 Recent Developments
10.1.4 SWOT Analysis
10.2 Asahi Kasei Chemicals Corporation
10.3 Rayonier Advanced Materials
10.4 Roquette
10.5 DFE Pharma GmbH & Co. KG
10.6 JRS Pharma GmbH & Co. KG
10.7 Avantor Performance Materials Inc.
10.8 Gujarat Microwax Limited
10.9 Sigachi Industrial Pvt. Ltd.
10.10 Huzhou City Linghu Xinwang Chemical Co. Ltd.
10.11 Other Companies
10.11.1 Accent Microcell Pvt. Ltd.
10.11.2 Anhui Sunhere Pharmaceutical Excipients Co. Ltd.
10.11.3 Ranq Remedies Pvt. Ltd.
10.11.4 Mingtai Chemical Co. Ltd.
10.11.5 Foodchem International Corporation
10.11.6 Quadra Ingredients
10.11.7 Shandong Guanda Technology
10.11.8 Juku Orchem Private Limited
10.11.9 Maple Biotech Pvt. Ltd.
10.11.10 Huzhou Zhanwang Pharmaceutical Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/xgplwv

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